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Orange County, California (PRWEB) April 09, 2013
The residents of Orange County were recently given a very useful source for getting informed about the complication legal process known as bankruptcy. The source is a video that has been released on YouTube by the renowned Orange County bankruptcy attorneys Zhou & Chini. It has been compiled to be of use to debtors who are facing financial problems and difficulties. It has been observed that this video is one of the most comprehensive yet simple resources available out there on the topic of bankruptcy basics. Filing bankruptcy in Orange County is a procedure composed of a series of steps. Most people are not sure how to proceed when they are unable to pay their debts and face a dire relationship with their creditors. There are only limited sources that explain the legal process of bankruptcy effectively to those that have no prior experience of any financial difficulties. Keeping in view this growing need for adequate yet simple explanation of this process in various cities in Orange County, the bankruptcy attorneys in Orange California recently released a very useful video that explains the basics of bankruptcy in an effectual way. In this video, the bankruptcy lawyers have explained that it is better to first consider all the available options before filing bankruptcy. These options may include negotiating with the creditors to gain some extra time for repayment of your debts. Most of the time the creditors also want to avoid going to the court to resolve this matter. They are therefore ready to agree on some terms and conditions to allow honest and hardworking individuals to arrange for due payments. To talk with an Orange County bankruptcy attorney or to view the latest video offered by the firm visit, http://www.youtube.com/watch?v=5mlNC85qii4
However, even with other options sometimes it becomes inevitable to avoid bankruptcy. When an individual approaches a bankruptcy court to file a petition, they try to safeguard assets from the creditors who then have no right to levy them. This is known as “automatic stay” in the terminology of the law. There is a chance that all or most of the debts will be relieved by filing bankruptcy. People who are unemployed or have no source of income and who are being prosecuted by the creditors for not making the payments on time should consider filing bankruptcy as soon as possible. Both chapter 7 and chapter 13 bankruptcies prevents real property from being repossessed and halts the home foreclosure process. A chapter 13 bankruptcy plan will consolidate all payments and allow the individual to reinstate a home loan while a chapter 7 may be a better choice if your 1st mortgage is current. Additionally, filing bankruptcy in Orange County may require creditors to return property that was repossessed immediately. The process of for filing in bankruptcy Orange County is somewhat complicated considering all the forms that are needed to be fill out. It is therefore in the individuals best interest to hire a competent lawyer in Orange County and seek their advice as well as help in filing bankruptcy. The video that has been released by the bankruptcy attorneys in Orange County also educate its viewers on various fees involved in the entire procedure. In short, the video explains quite successfully almost all the steps involved in this legal process. It also covers the two common types of bankruptcy known as chapter 7 and chapter 13 of the Bankruptcy Code. Moreover, the person who find themselves in this dire situation is advised to go through professional credit counseling before filing bankruptcy to learn about all the alternatives available. The bankruptcy attorneys offer more California bankruptcy information about bankruptcy on their Orange County site found here, http://bankruptcyattorneyorangecounty.org/
The Orange County bankruptcy lawyers use the best professional SEO company to assist in law firm marketing to promote the message about the importance of speaking with a bankruptcy lawyer in Orange County CA. The attorneys continue their online presence by offering zero cost bankruptcy information on bankruptcy firm’s blog and social media pages. This information along with free consultations the firm hopes to attract more Orange County residents looking for financial relief. To read more about the firm’s bankruptcy attorney Orange County Facebook page visit, https://www.facebook.com/BankruptcyAttorneyOrangeCounty
About the Firm: The Law Office of Zhou & Chini servicing the cities and counties of California. He is a graduate of UCLA and has been practicing law since 1999. Mr. Zhou has a wealth of experience in bankruptcy, civil litigation, family law, criminal law and unlawful detainer. Zhou and Chini Law Offices provide bankruptcy assistance to Los Angeles, Orange County and San Diego residents.
Contact: Ron Chini